Treaty Energy Corp. (fka TECO)

[Belize Oilwatch]

Newsletter for the Week of January 13th, 2014 about Treaty (Belize) Energy Ltd Operations

This newsletter is Newsletter for the Week of January 13th, 2014 about Treaty (Belize) Energy Ltd Operations

This newsletter is for the week of January 13, 2013 and contains current best information on Treaty Energy Belize Ltd operations in Belize as of December 10, 2013. The information contained in this newsletter is based on Belize Oilwatch's understanding of the status of Treaty Belize operations at the time of release.

This newsletter is not to be confused with the official newsletter planned for issue today by Treaty Energy Corporation in New Orleans Louisiana USA which may contain partial or misleading information about Treaty's activities in Belize, similar to the sets of information which were contained in the previous newsletters issued by Treaty Energy Corporation on December 9th and 16th 2013. Those issues of the newsletter can be found on Treaty's website located at http://www.treatyenergy.com/investors/news .

Belize (Treaty Belize Energy, Ltd):
- Operations in Belize are conducted on a joint venture basis with the concession holder, Princess Petroleum Ltd of Newton Barracks Belize City. Under the agreement between Treaty and Princess, Treaty is liable for the costs of the first 9 wells, while sharing any oil production 50:50 with Princess.
- Commercial oil has not been found in San Juan 3 well. Treaty and Princess have therefore decided to plug and abandon San Juan 1 (a dry hole) and San Juan 2 (which had some indications of the presence of sub-commercial oil) as well as San Juan 3 (also a dry hole).
- Princess Petroleum Ltd, as concession holders, have submitted Plugging and Abandonment plans for San Juan 1,2 and 3
which have been approved by the Director of Petroleum. They anticipate completing the P&A programs on the three wells in the first quarter of 2014.
- Treaty and Princess have therefore rigged down and moved the rig and other equipment from the wellsite to a safe lock-up area in Independence Village.
-As previously reported, Treaty has reached an agreement with Princess Petroleum to continue operating in Belize until January 31, 2014. Treaty plans to make changes to its international operations before the January 31, 2014 date and will announce any and all changes in compliance with SEC regulations (particularly form 8-K section 1 and section 2).
- Princess meantime are conducting a strategic review of their exploration concession in Belize.
- Max Mohamed has left Treaty Belize Energy Ltd. Treaty has not replaced him as CEO of Treaty Energy Belize Ltd. and in the meantime Treaty operations in Belize will be carried out by Princess Petroleum Ltd.
- Mr. Mohammed will be returning to Belize in January 2014 to assist Princess Petroleum with the P&A of the three wells.

Newsletter issued by:
Belize Oilwatch
Belize City, Belize, Central America

Newsletter contains facts and opinions based on best available information about Treaty Energy Belize Ltd activities in Belize.